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Tech Industry

Revenue warning sends SGI stock down

SGI stock dropped 83 cents, or 34 percent, to $1.60 in midday trading Tuesday after the high-end computer maker warned revenue would be lower than expected for the quarter ended June 28. SGI said Monday that revenue would be between $280 million and $290 million instead of $310 million to $330 million.

SGI stock dropped 83 cents, or 34 percent, to $1.60 in midday trading Tuesday after the high-end computer maker warned revenue would be lower than expected for the quarter ended June 28.

SGI said Monday that revenue would be between $280 million and $290 million instead of $310 million to $330 million.